conclude that it might be better to reduce the precision of public signals or entirely withhold information. This paper shows … that public information should always be provided with maximum precision, but under certain conditions not to all agents …

The standard state-spaces of asymmetric information preclude non-trivial forms of unawareness (Modica and Rustichini …

. This paper studies this conjecture in a version of this model that includes private information and heterogeneous agents. A … any degree of private information in the neoclassical growth model will deny Ramsey's conjecture, if efficient allocations … are considered. -- dynamic contracts ; capital accumulation ; private information …